1508.HK - China Reinsurance (Group) Corporation

HKSE - HKSE Delayed Price. Currency in HKD
1.560
+0.010 (+0.65%)
At close: 4:08PM HKT
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Previous Close1.550
Open1.540
Bid1.550 x 0
Ask1.560 x 0
Day's Range1.520 - 1.560
52 Week Range1.380 - 1.940
Volume6,568,082
Avg. Volume6,782,442
Market Cap66.268B
Beta (3Y Monthly)0.67
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.06 (3.85%)
Ex-Dividend Date2018-07-03
1y Target Est1.70
  • Moody's2 months ago

    Hanover Insurance Group, Inc (The) -- Moody's affirms The Hanover Insurance Group's ratings, changes outlook to positive following announced sale of Chaucer

    Moody's Investors Service ("Moody's") has affirmed the Baa3 senior debt rating of The Hanover Insurance Group, Inc (NYSE:THG, Hanover) and the A3 insurance financial strength (IFS) rating of its operating subsidiary, Hanover Insurance Co., and changed the ratings' outlook to positive from stable, following the company's announcement that it has entered into a definitive agreement to sell its Chaucer business unit, Hanover's Lloyd's-focused international specialty business, for $865 million in cash (and $85 million in Chaucer dividends) to China Reinsurance Corporation. Hanover expects to use the proceeds from the sale to expand its US businesses and potentially reduce leverage and/or return capital to shareholders.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of 1508.HK earnings conference call or presentation 30-Aug-18 1:30am GMT

    Half Year 2018 China Reinsurance Group Corp Earnings Call (Chinese, English)

  • Reuters2 months ago

    Hanover to sell specialty unit Chaucer to China Reinsurance for $950 mln

    Hanover Insurance Group Inc on Thursday decided to sell its unit that underwrites risks at insurance market Lloyd's to China Reinsurance Group Corp for $950 million to focus on expanding its domestic business. Shares of Hanover rose as much as 5.32 percent, with the company saying that sale of the unit, Chaucer, would reduce its catastrophe and tail risk exposure and improve long-term operating return-on-equity potential. China Reinsurance will fund the deal to buy Chaucer with $865 million in cash and $85 million in dividends from the unit.

  • Reuters2 months ago

    BRIEF-Hanover Insurance Group Announces Agreement To Sell Chaucer

    Sept 13 (Reuters) - Hanover Insurance Group Inc: * PRESS RELEASE - THE HANOVER INSURANCE GROUP, INC. ANNOUNCES AGREEMENT TO SELL CHAUCER FOR TOTAL PROCEEDS OF $950 MILLION * HANOVER INSURANCE GROUP INC ...

  • Reuters2 months ago

    BRIEF-China Reinsurance To Buy 3 Target Companies From Hanover Insurance Group

    Sept 13 (Reuters) - China Reinsurance Group Corp: * CO TO BUY HANOVER INSURANCE INTERNATIONAL, HANOVER AUSTRALIA HOLDCO AND CHAUCER INSURANCE COMPANY DESIGNATED ACTIVITY * DEAL FOR INITIAL CONSIDERATION ...

  • The Hanover Insurance Group, Inc. Announces Agreement to Sell Chaucer for Total Proceeds of $950 million
    PR Newswire2 months ago

    The Hanover Insurance Group, Inc. Announces Agreement to Sell Chaucer for Total Proceeds of $950 million

    WORCESTER, Mass., Sept. 13, 2018 /PRNewswire/ -- The Hanover Insurance Group, Inc. (THG) today announced it has entered into a definitive agreement to sell the entities comprising Chaucer, its Lloyd's-focused international specialty business, to China Reinsurance (Group) Corporation ("China Re"), for total proceeds of $950 million, including cash consideration from China Re of $865 million and a pre-signing dividend from Chaucer of $85 million, received in the second quarter of this year. The transaction will position The Hanover to continue the successful expansion of its domestic business, building out its strategic capabilities for its partners and customers. The transaction is anticipated to close late this year or in the first quarter of next year, subject to regulatory approvals and other customary closing conditions.

  • Reuters8 months ago

    BRIEF-China Energy Engineering Corp Enters Cooperation Deal With China Reinsurance (Group) Corp

    March 20 (Reuters) - China Energy Engineering Corp Ltd : * ENTERS STRATEGIC COOPERATION DEAL WITH CHINA REINSURANCE (GROUP) CORPORATION * SCOPE OF DEAL INCLUDES COOPERATION IN INSURANCE BUSINESS,INSURANCE ...

  • Why China Reinsurance (Group) Corporation (HKG:1508) Delivered An Inferior ROE Compared To The Industry
    Simply Wall St.10 months ago

    Why China Reinsurance (Group) Corporation (HKG:1508) Delivered An Inferior ROE Compared To The Industry

    China Reinsurance (Group) Corporation (SEHK:1508) generated a below-average return on equity of 7.64% in the past 12 months, while its industry returned 10.43%. 1508’s results could indicate a relatively inefficientRead More...